Street expectation from Methode Electronics, Inc. (NYSE:MEI) 2Q20 earnings ?

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Methode Electronics, Inc. (NYSE:MEI) is reporting second quarter financial results on Thursday 5th December 2019, before market open.

According to analysts surveyed by Thomson Reuters, MEI is expected to report 2Q20 income of $ 0.63 per share from revenue of $ 281.89 million.

For the full year, analysts anticipate top line of $ 1125.91 million, while looking forward to income of $ 3.16 per share bottom line.

The Company Outlook

Full Year 2020 topline are forecasted in a range of$ 1130 million ~ $ 1170 million, where as bottomline are predicted in a range of $ 3.25 ~ $ 3.55 per share

Stock Performance

According to the previous trading day, closing price of MEI was $ 35.85, representing a 70.80 % increase from the 52 week low of $ 20.99 and a 4.78 % decrease over the 52 week high of $ 37.65.

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